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Today we feature a portrait of President and Mrs. Herbert Hoover. On this day in 1929 Mr. Hoover told the US congress that the worst of the recent stock market crash was over, and that American citizens had renewed faith in the economy. In reality, the Great Depression was just beginning and would lead to untold misery and poverty for the next ten years. The stock market did not recover to pre-crash levels until 1954.Monday, December 3, 2007
President and Mrs. Herbert Hoover
Today we feature a portrait of President and Mrs. Herbert Hoover. On this day in 1929 Mr. Hoover told the US congress that the worst of the recent stock market crash was over, and that American citizens had renewed faith in the economy. In reality, the Great Depression was just beginning and would lead to untold misery and poverty for the next ten years. The stock market did not recover to pre-crash levels until 1954.
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